AUG 10, 2010 4:21pm ET

JPM Buys $3.5B of Performing Citigroup CRE Loans

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JPMorgan Chase & Co. acquired $3.5 billion of multifamily and commercial real estate loans from Citigroup Inc., saying that the "highly desirable" portfolio mirrors the Chase commercial term-lending group's focus on "excellent borrowers in stable markets."

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